Insurance Products and Services |
Survivorship Incentive Life LegacySM
Insures Two Lives, with the Potential for Cash Value Accumulation
Premium Flexibility
Tax Advantages
Innovative Guarantees1
This page highlights some of the features and benefits of this product. For more complete details, please download the full prospectus and the product fact card, above.
- Key Features
- Investment Options
- Next Steps
Permanent Life Insurance Protection |
Survivorship Incentive Life LegacySM is a flexible premium, variable universal life insurance policy that provides protection and the ability to invest in the market through its variable investment options.
The policy insures two lives, typically a husband and wife, under one life insurance policy and pays a death benefit on the death of the surviving Insured. Survivorship Incentive Life LegacySM is generally used to pay estate taxes and other estate settlement costs. |
Growth Potential: Variable Investment Options |
Survivorship Incentive Life LegacySM offers you the opportunity to direct how your premium payments and Policy Account Value are invested among a wide array of stock, bond, international and money market investment options, managed by over 35 well-known and respected investment management firms. Variable universal life insurance policy values are not guaranteed, will fluctuate based on the performance of the underlying investments, and may be worth more or less than the premiums paid. |
Guaranteed Interest Option |
For those looking for more stability, we also offer a Guaranteed Interest Option (GIO). |
Tax Advantages |
Transfers among the investment options are tax free, as are loans or withdrawals if they are structured properly. Note: Transfers may be limited in certain circumstances and restrictions may apply to prevent disruptive transfer activity. Plus, any death benefits paid to your beneficiaries are generally paid federal income tax-free.
Potential earnings within the Survivorship Incentive Life LegacySM policy accumulate on a tax-deferred basis and are not reduced by income taxes unless or until there is a taxable distribution from the policy.2 |
Premium Flexibility |
Premium payments are flexible. After an initial payment, you can choose the amount and timing of your premium payments (subject to certain minimums and maximums). |
No Lapse Guarantee |
Included automatically at no additional cost with policies that elect Death Benefit Option A. This benefit guarantees that your policy will not lapse for a number of years (ranging from five to 20), depending on the issue age of the younger Insured. Minimum specified premiums must be paid, and any policy loan (plus accrued interest) cannot exceed the Policy Account Value. |
Paid Up Death Benefit Guarantee |
For no charge and after the fourth policy year, you may elect to “lock in” a Guaranteed Minimum Death Benefit.
The Paid Up Death Benefit Guarantee is not available with policies issued in Texas. Please read the prospectus for limitations on this guarantee. |
Death Benefit Options |
Survivorship Incentive Life LegacySM has two death benefit options:
Under either option, a higher death benefit may apply if the value in the Policy Account reaches a certain level relative to the Face Amount. Changes to the death benefit option are available at no charge after the second policy year. |
Choice of Riders |
Depending on your current or anticipated future needs, you can tailor your Survivorship Incentive Life LegacySM policy by taking advantage of a selection of optional policy riders that are available for an additional cost. For more detailed information, please refer to the prospectus or fact card link above. |
Fees and Charges |
There are fees and charges associated with variable universal life policies, including cost of insurance charges, surrender charges, administrative and investment management fees, mortality and expense charges, and charges for optional benefits. For more detailed information, please refer to the prospectus or fact card link above. |
Survivorship Incentive Life LegacySM variable universal life insurance is offered by prospectus. Please consider the charges, risks, expenses, and investment objectives carefully before investing. For a prospectus containing this and other information, please click here or contact your financial professional. Read the prospectus and consider this information carefully before you invest or send money.
1 Guarantees described herein are subject to the claims-paying ability of AXA Equitable Life Insurance Company. The guarantees do not apply to the investment portfolios.
2 Under current federal tax rules, you generally may take income-tax-free partial withdrawals under a life insurance policy that is not a Modified Endowment Contract (MEC) up to your basis in the contract. Additional amounts are includible in income. The IRS places a limit on how much money can go into life insurance premiums for the policy and how quickly such premiums can be paid in order for the policy to retain all of its tax benefits. If certain limits are exceeded, an MEC results. MEC policyholders may be subject to taxes on distributions to the extent there is gain in their policy and penalties on any taxable amount if they are not 59½ or older. Loans taken will be free of current income tax as long as the policy remains in effect until the last surviving Insured’s death, does not lapse, and is not an MEC (the exemption does not apply to non-natural owners).
Please note that outstanding loans accrue interest. Income-tax-free treatment also assumes the loan will eventually be satisfied from income-tax-free death benefit proceeds. Loans and withdrawals reduce the policy’s cash value and death benefit and increase the chance that the policy may lapse. If the policy lapses, is surrendered or becomes an MEC, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for distribution of policy cash values.
3 All of the riders are subject to the terms and conditions of the rider. Not all riders may be available in all jurisdictions. Some states may vary the terms and conditions. There may be an additional charge associated with obtaining certain riders. Some riders may not be available in combination with other riders and/or policy features.
Life insurance is subject to exclusions, limitations and terms to keep it in force. Your financial professional can provide you with costs and complete details.
Please be advised that this content is not intended as legal or tax advice. Accordingly, any tax information provided is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor.
Survivorship Incentive Life LegacySM is a flexible premium second-to-die variable universal life insurance policy and is issued by AXA Equitable Life Insurance Company, New York, NY 10104, and is co-distributed by AXA Advisors, LLC and AXA Distributors, LLC (members SIPC). AXA Equitable, AXA Distributors and AXA Advisors are affiliated companies and do not provide tax or legal advice.
Certain types of contracts, features and benefits may not be available in all jurisdictions or may be different.
Survivorship Incentive Life LegacySM is a service mark of AXA Equitable Life Insurance Company.
Policy form #08-100 or state variations
GE-45485 (10/08)
Variable Investment Options
Growth Potential
Our variable investment options offer the opportunity to direct how your annuity contributions or life insurance premium payments are invested among a wide array of stock, bond, international and money market investment options.
This access provides an opportunity for growth of your account value. Please keep in mind that variable investment options are subject to fluctuations in value and market risk, including loss of principal.
Quality
Evaluating investment options has never been easy. And in today’s investment environment, where investors have literally thousands of choices, you need an objective and expert guide.
Through a multiple-step selection process, we systematically narrow the universe of money management firms to identify money managers that are best suited to meet specific investment goals.
Many of our money managers are household names you’re sure to recognize. Others are better known among large institutional investors.
Choice
Our variable investment option platform is designed to help meet the needs of a wide variety of investors, while being responsive to an ever-changing market environment. We offer a carefully selected menu of investment options that meets the needs of diversification-minded investors, while accommodating individual preferences and risk appetites.
Simplicity
For investors who want a simplified approach to building a diversified portfolio, a series of asset allocation portfolios are available. No matter which series you choose, each portfolio is constructed as a "fund-of-funds," diversified by AXA Equitable’s team of investment specialists. With one simple investment, you gain access to the combined performance of multiple portfolios, depending on the strategy chosen.
The Benefits of AXA Allocation Portfolios Managed by AXA Equitable
- Tailored to Meet Your Goals — you can pursue your individual goals whether based on your personal risk tolerance or time horizon
- Convenient — you get a well-diversified investment program in a single portfolio, utilizing multiple money managers, asset classes and investment styles
- Professionally Managed — you can access well-established money managers, monitored continuously and replaced when necessary
- Automatic Rebalancing — portfolios are rebalanced regularly by trained professionals to keep your investment on track
Please note that AXA Allocation Portfolios entail fees and costs in addition to the fees and costs incurred in the Portfolios' underlying investment earnings.
Performance
As many investors have learned, a portfolio manager can suddenly leave a firm, or deviate from his or her investment style in pursuit of short-term returns. Many times these changes occur without the investors’ knowledge, which could alter the course of a disciplined investment strategy.
That’s why our seasoned team of investment professionals continuously “manages the managers” once they have been selected. This is a dynamic process that holds each money manager accountable and keeps them focused on delivering consistent, long-term results.
Learn More
To learn more about the individual investment options, such as investment strategy, Morningstar rating, top holdings and more, browse our Variable Investment Portfolio Fact Sheets.
You should consider the charges, risks, expenses, and investment objectives carefully before investing. Please click the link at the top of this page to download the product prospectus, which contains this and other information
Variable products are issued by AXA Equitable Life Insurance Company (NY, NY) and are co-distributed by affiliates AXA Advisors, LLC and AXA Distributors, LLC.
GE 43448 (3/08)
Professional Guidance Counts
Your financial professional can be an invaluable in helping you:- Complete a financial needs analysis
- Evaluate the financial strategies available to you, and
- Select appropriate financial products designed to help you reach your goals
